REI Lense

REI Lense

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$2,394 (target)

5080 Rum Creek Ct SE, Kentwood, MI 49508

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Long-Term investment with a projected -8.62% first-year return on $81,690 initial cash invested.

-8.62%

Cash On Cash

4.55%

Cap Rate

0.76

DSCR

$2,394

Rent

-$587

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,394 income − $2,981 expenses = $587 out of pocket

Income$2,394Out of Pocket$587Mortgage P&I$1,94181%Property Taxes$28112%Insurance$1366%Management$23910%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,690

Downpayment

20%

$77,800

Closing costs

1%

$3,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,394

Total Expenses

$2,981

Mortgage P&I

81%

$1,941

Property Taxes

12%

$281

Home Insurance

6%

$136

HOA

0%

$0

Property Management

10%

$239

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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